Valuation Update With 7 Day Price Move • 2h
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €3.02, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 13x in the Construction industry in Italy. Total returns to shareholders of 146% over the past three years. Upcoming Dividend • May 04
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Italian dividend payers (4.5%). In line with average of industry peers (3.1%). New Risk • Apr 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €3.57, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Construction industry in Italy. Total returns to shareholders of 195% over the past three years. Price Target Changed • Apr 09
Price target increased by 14% to €3.30 Up from €2.90, the current price target is provided by 1 analyst. New target price is 28% above last closing price of €2.58. Stock is up 52% over the past year. Declared Dividend • Mar 29
Dividend increased to €0.11 Dividend of €0.11 is 29% higher than last year. Ex-date: 4th May 2026 Payment date: 6th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 10% per year over the past 2 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Mar 27
Full year 2025 earnings released Full year 2025 results: Revenue: €86.2m (flat on FY 2024). Net income: €8.65m (up 80% from FY 2024). Profit margin: 10.0% (up from 5.6% in FY 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Construction industry in Italy. Annonce • Mar 27
PLC S.p.A. announces Annual dividend, payable on May 06, 2026 PLC S.p.A. announced Annual dividend of EUR 0.1100 per share payable on May 06, 2026, ex-date on May 04, 2026 and record date on May 05, 2026. Annonce • Mar 26
PLC S.p.A., Annual General Meeting, Apr 30, 2026 PLC S.p.A., Annual General Meeting, Apr 30, 2026, at 14:30 W. Europe Standard Time. New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (€61.0m market cap, or US$70.6m). New Risk • Jan 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (€60.5m market cap, or US$70.9m). Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent & Non-Executive Director Sara Di Mario was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 30
Price target increased by 27% to €2.80 Up from €2.20, the current price target is provided by 1 analyst. New target price is 51% above last closing price of €1.86. Stock is up 6.0% over the past year. The company posted earnings per share of €0.18 last year. Upcoming Dividend • Apr 28
Upcoming dividend of €0.085 per share Eligible shareholders must have bought the stock before 05 May 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Italian dividend payers (5.7%). Higher than average of industry peers (3.3%). Reported Earnings • Apr 09
Full year 2024 earnings released Full year 2024 results: Revenue: €86.5m (up 30% from FY 2023). Net income: €4.80m (up 69% from FY 2023). Profit margin: 5.5% (up from 4.3% in FY 2023). The increase in margin was driven by higher revenue. Declared Dividend • Mar 31
Dividend increased to €0.085 Dividend of €0.085 is 21% higher than last year. Ex-date: 5th May 2025 Payment date: 7th May 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.9%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.5% EPS decline seen over the last 5 years. Annonce • Mar 30
PLC S.p.A. announces Annual dividend, payable on May 07, 2025 PLC S.p.A. announced Annual dividend of EUR 0.0850 per share payable on May 07, 2025, ex-date on May 05, 2025 and record date on May 06, 2025. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.79, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 15x in the Construction industry in Italy. Total returns to shareholders of 5.3% over the past three years. New Risk • Nov 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 4.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (58% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.0% average weekly change). Market cap is less than US$100m (€38.8m market cap, or US$40.4m). Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.79, the stock trades at a trailing P/E ratio of 10.2x. Average forward P/E is 11x in the Construction industry in Italy. Total loss to shareholders of 9.3% over the past three years. New Risk • Sep 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 454x cash flows per share). Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (€38.7m market cap, or US$42.9m). Reported Earnings • Jul 22
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: €0.11 (up from €0.47 loss in FY 2022). Revenue: €66.7m (up 41% from FY 2022). Net income: €2.84m (up €14.9m from FY 2022). Profit margin: 4.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 29
Inaugural dividend of €0.07 per share Eligible shareholders must have bought the stock before 06 May 2024. Payment date: 08 May 2024. This is the first dividend for PLC since going public. The average dividend yield among industry peers is 3.9%. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€43.5m market cap, or US$46.2m). Board Change • Nov 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Claudia Crivelli was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 05
First half 2023 earnings released: €0.026 loss per share (vs €0.17 loss in 1H 2022) First half 2023 results: €0.026 loss per share (improved from €0.17 loss in 1H 2022). Revenue: €33.0m (up 7.5% from 1H 2022). Net loss: €680.0k (loss narrowed 85% from 1H 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Construction industry in Italy. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target decreased to €2.13 Down from €2.73, the current price target is an average from 2 analysts. New target price is 47% above last closing price of €1.45. Stock is down 36% over the past year. The company is forecast to post a net loss per share of €0.0037 compared to earnings per share of €0.11 last year. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0 (vs €0.051 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.051 in 1H 2021). Revenue: €30.7m (up 9.4% from 1H 2021). Net loss: €4.44m (down 433% from profit in 1H 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Construction industry in Italy. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Construction industry in Europe. Total loss to shareholders of 4.8% over the past three years. Major Estimate Revision • Jun 18
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €88.5m to €85.2m. EPS estimate also fell from €0.18 per share to €0.16 per share. Net income forecast to grow 25% next year vs 34% growth forecast for Construction industry in Italy. Consensus price target of €2.73 unchanged from last update. Share price was steady at €1.96 over the past week. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €2.12, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.00 per share. Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €92.5m to €83.9m. EPS estimate also fell from €0.20 per share to €0.14 per share. Net income forecast to grow 25% next year vs 48% growth forecast for Construction industry in Italy. Consensus price target of €2.73 unchanged from last update. Share price rose 6.7% to €1.91 over the past week. Price Target Changed • Apr 27
Price target increased to €2.73 Up from €2.31, the current price target is an average from 2 analysts. New target price is 49% above last closing price of €1.83. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of €0.20 for next year compared to €0.11 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Marina D’Artibale was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 08
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: €0.11 (up from €0 in FY 2020). Revenue: €75.1m (up 18% from FY 2020). Net income: €2.97m (up €2.97m from FY 2020). Profit margin: 4.0% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the next year, revenue is forecast to grow 23%, compared to a 21% growth forecast for the industry in Italy. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 05
First half 2021 earnings released: EPS €0.051 (vs €0.014 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €28.1m (up 15% from 1H 2020). Net income: €1.33m (up €1.69m from 1H 2020). Profit margin: 4.7% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Annonce • Jun 24
EDP Renewables Italia Holding, S.r.l. acquired Casalbore Wind Power Project from PLC S.p.A. (BIT:PLC). EDP Renewables Italia Holding, S.r.l. acquired Casalbore Wind Power Project from PLC S.p.A. (BIT:PLC) on June 21, 2021. Upon completoin, EDP Renewables Italia Holding, S.r.l. returned previously issued corporate guarantee to PLC S.p.A., for €3.2 million.
EDP Renewables Italia Holding, S.r.l. completed the acquisition of Casalbore Wind Power Project from PLC S.p.A. (BIT:PLC) on June 21, 2021. Price Target Changed • Apr 09
Price target increased to €2.11 Up from €1.90, the current price target is an average from 2 analysts. New target price is 12% above last closing price of €1.88. Stock is up 50% over the past year. Reported Earnings • Apr 04
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €65.5m (up 44% from FY 2019). Net loss: €66.0k (loss narrowed 97% from FY 2019). Is New 90 Day High Low • Feb 10
New 90-day high: €1.30 The company is up 8.0% from its price of €1.20 on 11 November 2020. The Italian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.52 per share. Is New 90 Day High Low • Jan 08
New 90-day high: €1.28 The company is up 3.0% from its price of €1.24 on 09 October 2020. The Italian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.52 per share. Is New 90 Day High Low • Oct 09
New 90-day low: €1.24 The company is down 18% from its price of €1.51 on 10 July 2020. The Italian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.17 per share.